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Business

Quick take: TH Heavy shares hit by fines slapped by Dubai Court

KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) shares fell over 8% in early trade Tuesday following news that its unit has been fined with US$6.22mil by Dubai Court.

Business

THHE unit gets writ of summons from Dubai to pay US$6.23mil

PETALING JAYA: TH Heavy Engineering Bhd’s (THHE) subsidiary, Floatech (L) Ltd, has received a writ of summons filed by Drydocks World – Dubai LLC on April 23.

Nation

Former TH Heavy Engineering CEO ordered to enter defence over CBT charges

KUALA LUMPUR: The former chief executive officer of TH Heavy Engineering Bhd has been ordered to enter his defence to four counts of involvement in money-laundering and five counts of criminal breach of trust (CBT).

Business

TH cutting exposure to stock market

KUALA LUMPUR: Lembaga Tabung Haji (TH) is targeting to reduce its exposure to the stock market next year, which will see the pilgrim fund divesting a portion of its stakes in 103 listed companies on Bursa Malaysia